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    <title>Debenture trustees</title>
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      <description>A registered debenture trustee must be appointed by agreement before opening the subscription list, be independent of the issuer, accept and ensure a compliant trust deed, obtain periodic issuer reports and fund utilization reports, communicate defaults and remedial steps to debenture holders, enforce and take possession of security, convene holder meetings, appoint a nominee director on repeated default, perform independent due diligence before creating security, inform the Authority of breaches, inspect issuer records, and not relinquish assignment until replaced.</description>
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